Hiring Your Child in Your Family Business: Tax Benefits and Compliance Tips

Family business tax strategy: Benefits of hiring your child for tax savings and skill-building.

  Hiring your child in your family business can be a rewarding way to teach them responsibility while also providing substantial tax benefits for both you and your child. By paying them a salary, you can deduct it as a business expense, effectively reducing your taxable income. Meanwhile, your child can earn up to the…

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The Vital Role of Customer ROI and Customer Experience

The Vital Role of Customer ROI and Customer Experience on providentcpas.com

The customer is always right, and in the age of social media, their feedback has a big impact on your business—good or bad. That’s why every business strategy should focus on customer ROI The proliferation of and dependence on the internet has brought many pros and cons for businesses large and small. You can more…

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Tips for Maintaining Medical Practice Profitability

Tips for Maintaining Medical Practice Profitability on providentcpas.com

Expand with novel services. Connect with new patients. How to build revenue when burdened with rising operating costs and changes in the healthcare system As deductibles rise, medical practices can see big losses. Some patients can no longer afford medical bills, leading them to avoid seeking treatment when they should. Or, many will simply seek…

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